Top ranked on private medical services market, MedLife takes the next step: stock exchange listing

0 90

MedLife maintains the fast pace of development as part of its strategy. Less than a month, the Romanian private operator of medical services announces the launch of a new hyperclinic in Berceni area, 4th district, with EUR 1.2 million. MedLife is very active also in the merger & acquisition process. Its officials admit that the acquisition of four local operators, with a minimum value of turnover of EUR 7-10 million per company, is close to completing.

All these give confidence to the Romanian private medical operator to consider Bucharest Stock Exchange (BVB) listing. It would be a first for the domestic capital market.

“In Central and Eastern Europe, MedLife is an important deal in the region. We consider the stock exchange listing, which will lead the medical operator in the top 10 listed companies in Romania,” Mihai Marcu, President of MedLife’s Board, confidently announced in a press conference on Thursday and continued: “The listing could take place in the next 6 months.”

The company is owned by Marcu family, with 51 percent shares, Value4Capital private equity, the former SGAM Eastern Europe operated by Societe Generale Group with 36.25 percent and the International Finance Corporation (IFC), member of the World Bank Group, with 12.75 percent.

The new unit in Berceni delivers 800 sq.m, 18 medical offices for various specialty sections, including neurology, cardiology, pediatrics echography and has 27 employees. Thus, MedLife reaches 13 Hyperclinics nationwide, out of which six in Bucharest, the concept bringing added value, MedLife officials say.

MedLife Berceni features the latest equipment, especially a Samsung’s 5D echograph, the future mother having the opportunity to see a real picture of her fetus, with great accuracy of the face and limbs movements. Moreover, the echograph is equipped with special software that allows mothers to download scans and images directly on the smartphone or tablet, via “Hello Mom” app.

“MedLife is a well-known brand. It’s to mention that all the managers and doctors are Romanians, as well as the capital, to which are added over 10,000 surgical interventions per year and the fact that 80 percent of our activity is made with permanent doctors. All these make us the only private player with medical identity,” Mihai Marcu pointed out.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More